GASB Reexamines the Financial Reporting Model - Governmental Funds

Event Details


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Time 11:30am
Location The Decatur Club
158 W Prairie Ave
DecaturIL 62523

Map and directions
Delivery Method In Person
Field of Study Accounting (Governmental)
NASBA CPE Earn 1.00 CPE Hours
Contact IGFOA

Event Cost

Event Description


GASB Reexamines the Financial Reporting Model - Governmental Funds

Speaker: Krisztina Dommer, Manager, Sikich LLP

Description: The current financial reporting model used by state and local governments is contained in GASB Statement No. 34, generally became effective in 2002 for most governments. This model did not substantially change the accounting and financial reporting for governmental funds, most notably the general fund. GASB has now added a project to its agenda to examine reporting for governmental funds and what information should be conveyed in external financial statements.  An Invitation to Comment (ITC) was issued by GASB in December 2016 that considers three alternatives to reporting governmental funds. 

Learning Objectives - Participants completing this session will be able to:
1. Understand the concepts of the three alternatives contained in the ITC 
2. Explore how the alternatives would impact a government’s governmental funds
3. Learn specifically how the alternatives would impact the general fund

Intended Audience: Finance Professionals
Delivery method:
Program Level: 
No prerequisites required 
Advanced Preparation: 
No advanced preparation required
Field of Study: 
Accounting (Governmental)
Earn about 1.0 CPE credit

Presented by the Downstate chapter

Registration & Cancellation Policy

Registrations are accepted on a first-in, first registered basis. Payments by check should be mailed in advance or made at time of registration by credit card. Payments will not be accepted the day of the event.

IGFOA Members are those Public Sector, Partners, and Firm individuals specifically listed in the IGFOA Membership Application or Renewal. IGFOA Government Staff rate applies to staff, appointed officials, and elected officials of a government with a current IGFOA membership. If you have questions about your membership, contact IGFOA at 630-942-6587. The IGFOA reserves the right to apply the non-member fee to any individual or government that has not paid dues for the current year.  If you are unable to attend, please contact IGFOA at 630-942-6587 or as soon as possible. A $10 cancellation fee will be charged for cancellations up to May 2, 2017. Cancellations after May 2, 2017 and no-shows are responsible for the full tuition.

IGFOA reserves the right to modify the agenda, cancel the event due to low enrollment, or to close registration if full. Should IGFOA Downstate Chapter cancel an event, cancellation notice will be sent to the email address provided by each registrant and prominently posted at the IGFOA website page announcing the event. By submitting this registration, the applicant agrees to the registration and cancellation policy above.

If you have any questions regarding this seminar, cancellations, complaints, or refunds, please contact the IGFOA at 630-942-6587 or

Approved by the National Registry of CPE Sponsors

CPE SponsorsCPE Registry Illinois Government Finance Officers Association (IGFOA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

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